WOCA: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
WOCA
Largest movements
- Cash +€121,130
up €121,130 (+136.7%), from €88,616 to €209,746
mainly Other debts (+€180,046) and Net result for the year (+€162,337)
- Tangible fixed assets +€42,080
up €42,080 (+39.0%), from €107,796 to €149,876
of which Other tangible fixed assets: +€48,437
- Stocks and contracts +€22,406
up €22,406 (+18.7%), from €119,895 to €142,301
- Other debts +€180,046
up €180,046 (+294.3%), from €61,187 to €241,233
- Trade debts +€16,009
up €16,009 (+278.5%), from €5,748 to €21,758
- Debts after one year -€13,507
down €13,507 (-63.8%), from €21,168 to €7,661
- Gross operating margin -€37,372
down €37,372 (-12.7%), from €293,152 to €255,779
- Taxes -€11,886
down €11,886 (-18.5%), from €64,120 to €52,234
- Depreciation +€6,366
up €6,366 (+24.7%), from €25,721 to €32,086
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €492,900 | €675,246 | +€182,346 | +37.0% |
| Fixed assets | 21/28 | €107,801 | €149,881 | +€42,080 | +39.0% |
| Tangible fixed assets | 22/27 | €107,796 | €149,876 | +€42,080 | +39.0% |
| Plant, machinery and equipment | 23 | €5,980 | €2,808 | -€3,172 | -53.0% |
| Furniture and vehicles | 24 | €56,677 | €53,492 | -€3,185 | -5.6% |
| Other tangible fixed assets | 26 | €45,139 | €93,576 | +€48,437 | +107.3% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €385,099 | €525,365 | +€140,266 | +36.4% |
| Stocks and contracts in progress | 3 | €119,895 | €142,301 | +€22,406 | +18.7% |
| Stocks | 30/36 | €119,895 | €142,301 | +€22,406 | +18.7% |
| Amounts receivable within one year | 40/41 | €170,095 | €167,331 | -€2,764 | -1.6% |
| Trade receivables | 40 | €162,752 | €155,676 | -€7,076 | -4.3% |
| Other amounts receivable | 41 | €7,343 | €11,654 | +€4,312 | +58.7% |
| Cash at bank and in hand | 54/58 | €88,616 | €209,746 | +€121,130 | +136.7% |
| Deferred charges and accrued income | 490/1 | €6,493 | €5,987 | -€506 | -7.8% |
| Total equity and liabilities | 10/49 | €492,900 | €675,246 | +€182,346 | +37.0% |
| Equity | 10/15 | €382,566 | €382,566 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €363,966 | €363,966 | = | 0.0% |
| Distributable reserves | 133 | €363,966 | €363,966 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €110,334 | €292,681 | +€182,346 | +165.3% |
| Amounts payable after more than one year | 17 | €21,168 | €7,661 | -€13,507 | -63.8% |
| Financial debts | 170/4 | €21,168 | €7,661 | -€13,507 | -63.8% |
| Amounts payable within one year | 42/48 | €89,166 | €282,019 | +€192,853 | +216.3% |
| Current portion of amounts payable after more than one year | 42 | €13,357 | €13,507 | +€150 | +1.1% |
| Trade debts | 44 | €5,748 | €21,758 | +€16,009 | +278.5% |
| Suppliers | 440/4 | €5,748 | €21,758 | +€16,009 | +278.5% |
| Taxes, remuneration and social security | 45 | €8,873 | €5,521 | -€3,352 | -37.8% |
| Taxes | 450/3 | €8,873 | €1,448 | -€7,425 | -83.7% |
| Remuneration and social security | 454/9 | - | €4,073 | +€4,073 | |
| Other amounts payable | 47/48 | €61,187 | €241,233 | +€180,046 | +294.3% |
| Accrued charges and deferred income | 492/3 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,721 | €32,086 | +€6,366 | +24.7% |
| Other operating charges | 640/8 | €3,426 | €5,895 | +€2,468 | +72.0% |
| Non-recurring operating charges | 66A | - | €891 | +€891 | |
| Gross operating margin | 9900 | €293,152 | €255,779 | -€37,372 | -12.7% |
| Operating profit (loss) | 9901 | €264,005 | €216,908 | -€47,097 | -17.8% |
| Financial income | 75/76B | €1,332 | €306 | -€1,026 | -77.0% |
| Recurring financial income | 75 | €1,332 | €306 | -€1,026 | -77.0% |
| Financial charges | 65/66B | €4,749 | €2,643 | -€2,106 | -44.4% |
| Recurring financial charges | 65 | €4,749 | €2,643 | -€2,106 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €260,589 | €214,571 | -€46,018 | -17.7% |
| Income taxes | 67/77 | €64,120 | €52,234 | -€11,886 | -18.5% |
| Profit (loss) for the period | 9904 | €196,468 | €162,337 | -€34,132 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €196,468 | €162,337 | -€34,132 | -17.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.